Monday, January 26, 2009

HAWAI`I SUPERFERRY COSTS CONTINUE TO MOUNT

Costs for the Hawai`i Superferry are continuing to mount including some the state may have to pay.

The Legislature has appropriated $40 million to pay for harbor infrastructure upgrades to accommodate the high-speed interisland vessel.But that limit has been reached.

Additional costs have already hit some $5 million, including more than $1 million for a new mooring system at Kahului Harbor.

Another $250,000 to $350,000 will be needed to clear berthing space at Honolulu Harbor for Hawai`i Superferry's second vessel.

It's not clear at all who will be footing the bill for those projects.